Raft Security Incident: Post-Mortem Analysis and Recovery Plan
On 10 November 2023 at 18:59:23 UTC, Raft encountered a complex security incident, resulting in the minting of ~$6.7 million unbacked R, subsequently, the attacker sold R, causing R's depeg. A public announcement of the exploit was made on 10 November 2023 at 19:18 UTC.The IncidentExploit Transaction: https://etherscan.io/tx/0xfeedbf51b4e2338e38171f6e19501327294ab1907ab44cfd2d7e7336c975ace7 Raft Exploiter: https://etherscan.io/address/0xc1f2b71a502b551a65eee9c96318afdd5fd439fa Exploited ...
Raft Security Incident: Post-Mortem Analysis and Recovery Plan
On 10 November 2023 at 18:59:23 UTC, Raft encountered a complex security incident, resulting in the minting of ~$6.7 million unbacked R, subsequently, the attacker sold R, causing R's depeg. A public announcement of the exploit was made on 10 November 2023 at 19:18 UTC.The IncidentExploit Transaction: https://etherscan.io/tx/0xfeedbf51b4e2338e38171f6e19501327294ab1907ab44cfd2d7e7336c975ace7 Raft Exploiter: https://etherscan.io/address/0xc1f2b71a502b551a65eee9c96318afdd5fd439fa Exploited ...
Introducing the RAFT Bond Program Powered by Bond Protocol
In the ever-evolving world of crypto and DeFi, innovative solutions continually emerge to address the challenges faced by projects in the space. Today, we are thrilled to launch our inaugural bonding program, powered by Bond Protocol’s battle tested permissionless infrastructure. Here's what you need to know.What is Bond Protocol?Bond Protocol made its debut on 3 October, 2022, with a mission to drive sustainable treasury growth for crypto projects. Their suite, which has quickly gained ...
Introducing the RAFT Bond Program Powered by Bond Protocol
In the ever-evolving world of crypto and DeFi, innovative solutions continually emerge to address the challenges faced by projects in the space. Today, we are thrilled to launch our inaugural bonding program, powered by Bond Protocol’s battle tested permissionless infrastructure. Here's what you need to know.What is Bond Protocol?Bond Protocol made its debut on 3 October, 2022, with a mission to drive sustainable treasury growth for crypto projects. Their suite, which has quickly gained ...
Unlocking the RAFT Airdrop: Wave 1
The wait is finally over! We’ve outlined the complete eligibility criteria for Wave 1 of the RAFT airdrop! Dive in to discover if you have qualified for the RAFT airdrop and how you can claim your tokens.RAFT Airdrop DetailsAllocation: 1.5% of the total RAFT supply (37,500,000 RAFT tokens).Token Contract Address: 0x4C5Cb5D87709387f8821709f7a6664f00DcF0C93Snapshot Date: 28 September 2023, at 16:30 UTC (Mainnet block: 18235432).Eligible Wallets: 604 wallets have qualified for Wave 1.Claiming St...
Unlocking the RAFT Airdrop: Wave 1
The wait is finally over! We’ve outlined the complete eligibility criteria for Wave 1 of the RAFT airdrop! Dive in to discover if you have qualified for the RAFT airdrop and how you can claim your tokens.RAFT Airdrop DetailsAllocation: 1.5% of the total RAFT supply (37,500,000 RAFT tokens).Token Contract Address: 0x4C5Cb5D87709387f8821709f7a6664f00DcF0C93Snapshot Date: 28 September 2023, at 16:30 UTC (Mainnet block: 18235432).Eligible Wallets: 604 wallets have qualified for Wave 1.Claiming St...
Unveiling Raft's LP Staking Mechanism
In our previous blog, we introduced RAFT tokenomics, providing a brief glimpse of how veRAFT fosters community engagement and long-term commitment. Let's dive deeper into veRAFT's mechanics and discover the benefits it offers to the community.RAFT Use CasesRAFT serves two primary functions within our ecosystem:Staking: RAFT token holders can provide liquidity into the RAFT/R 80:20 Balancer pool and stake their Balancer LP token (BPT) into the Raft staking contract for up to 24 month...
Unveiling Raft's LP Staking Mechanism
In our previous blog, we introduced RAFT tokenomics, providing a brief glimpse of how veRAFT fosters community engagement and long-term commitment. Let's dive deeper into veRAFT's mechanics and discover the benefits it offers to the community.RAFT Use CasesRAFT serves two primary functions within our ecosystem:Staking: RAFT token holders can provide liquidity into the RAFT/R 80:20 Balancer pool and stake their Balancer LP token (BPT) into the Raft staking contract for up to 24 month...
Raft integrates with Chainlink CCIP
We’re excited to announce that Raft is integrating Chainlink CCIP—the industry standard for secure cross-chain interoperability. Raft will be launching across the Base and Ethereum mainnets, with plans to launch on Arbitrum and more chains in the near future. We’re leveraging CCIP’s Simplified Token Transfer capabilities to help unlock cross-chain transfers of R.Why CCIP?We selected CCIP as our go-to interoperability solution because Chainlink has a proven track record of maintaining the high...
Raft integrates with Chainlink CCIP
We’re excited to announce that Raft is integrating Chainlink CCIP—the industry standard for secure cross-chain interoperability. Raft will be launching across the Base and Ethereum mainnets, with plans to launch on Arbitrum and more chains in the near future. We’re leveraging CCIP’s Simplified Token Transfer capabilities to help unlock cross-chain transfers of R.Why CCIP?We selected CCIP as our go-to interoperability solution because Chainlink has a proven track record of maintaining the high...
